GOLDEN RULES
1. Create a trading strategy before buying your first stock!
2. If you don’t know enough to create your first strategy plan, keep studying!
3. Entry Points, Not Entry Prices (and exit points vs exit price)
4. The Trend is Your Friend, generally speaking
5. Wait for the roll over; the roll can last “forever”
6. Trade What Works vs Diversification
7. Trade The Range
8. You’ll Never Go Broke Trading a Profit, NO matter the size!
9. Watch the 1min Before Pouncing; you can almost always earn a couple more cents
10. The steeper the trend, the stronger the trend (but know your timeframe!)
11. Know What Timeframe You’re Looking At!
12. Trust Your Gut vs Shifting Gears When Necessary
13. Know Your Temperment, and Trade Within It
14. Learn from the announcers, then learn to ignore them
15. Listen for news vs ignoring the news
16. Beware the shadows
17. Use dummy accounts for your risky moves, it will help cure the itch
18. Never risk what you can’t throw away
19. Missed cash profits is far less painful than real cash losses
MY STRATEGY
1. Stochastic 14,3,3
2. MACD Close,12,26,9
3. Volume > 500000
4. P/E > 0, < 40, generally speaking
5. Regression Lines! (buy and sell only when they're broken)
6. Stalk the 15min & 1min Trend Ranges, guided by the 30 & 60
7. Buy in at a comfortable low, increase on a killer low or enjoy the ride to the ceiling before cashing out
